MySpace's Continuing Failure Catches Its Executives Off Guard
Posted 06/15/09 at 04:56:17 PM by Andy Salisbury
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MySpace recently got a new CEO in Owen Van Natta, and according to reports, they may have a few more problems to deal with than they’d originally thought.
“The business is in a lot worse shape than Fox Interactive was positioning,” stated an anonymous source. According to a report, while MySpace’s old CEO Chris DeWolfe boasted loudly about their 120 million unique visitors, the real numbers are nowhere near. And, it’s being reported that when Google renews their $900 million advertising deal with MySpace, they’ll only guarantee $50 million per year, cutting MySpace’s ad revenue in half from $600 million to $300 million.
It’s expected that the new head honcho will make some huge layoffs, possibly cutting down their 1,500 employees in half to just 750 (but hey, it’s News Corp, how would that not be expected?).
Image Credit: MySpace
I actually prefer myspace to
Submitted by atomaweapon on Tue, 06/16/2009 - 6:26am
I actually prefer myspace to facebook. Facebook is bland and boring and is pretty much the same shit.
FB might be the same old
Submitted by mikeart03a on Tue, 06/16/2009 - 1:34pm
FB might be the same old boring interface, but I don't have to worry some crap ass music blowing my ears out or some surprise script that some teenager thought it'd be funny to include in their page. Don't get me started about page designs... I've only seen a FEW that are good, the rest are god awful!
- mike_art03a
IT Technician
Gov't of Canada
They have 1500
Submitted by Denis63 on Tue, 06/16/2009 - 5:24am
They have 1500 employees?!?! what do they do? sit on their asses and watch the money roll in? -Denis
Such a thing as too customizable?
Submitted by scabbynacker on Tue, 06/16/2009 - 4:26am
Everyone I know flocked to Facebook once MySpace apps started installing malware. They don't seem to check any of the third-party apps for that sort of thing. Not to mention 3 out of 4 MySpace pages look like a clown threw up all over them while the worst music you've heard in a while plays in the background.
Just an awful "social networking" site all around. And it doesn't seem to have long.
Submitted by averageGrod on Tue, 06/16/2009 - 8:47am
Did those execs even visit a MySpace page before buying it? I know it is "your space" but I feel like I am walking into a teenager's messy bedroom complete with loud crappy music everytime I visit a MySpace page. Take everything that made webpages bad in the 90's and you can still find it action. I'm actually surprised they haven't resurected some old tags for the homepage. <blink>Join Now!</blink>
Submitted by comptech08 on Mon, 06/15/2009 - 3:10pm
hmm here is a thought. Get rid of all the phishing scams and all the spam on myspace and maybe it might not die. Fox company as a whole doesn't seem to bright.
Submitted by BaggerX on Mon, 06/15/2009 - 4:47pm
I'm fairly certain that Fox is actually run by a pack of chimps in suits. Really, what other explanation is even plausible?
Submitted by comptech08 on Mon, 06/15/2009 - 6:36pm
haha idk really, you bring up a very logical point :D
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